Certain provisions of the merger agreement would have “jumped the gun” by allowing NYK, MOL and “K” Line to share competitively sensitive information or prematurely combine, according to the Federal Maritime Commission.
Great Lakes limestone trade down in April
The Great Lakes region has seen a steady decrease since 2012 with 2017 numbers showing a 24.3 percent decrease compared to 2016.
CEVA posts Q1 loss despite higher revenues, volumes
The non-asset based supply chain management company recorded a net loss of $57 million for the first quarter of 2017, compared to a net profit of $3 million for the first quarter of 2016.
U.S. warns duties on Mexican sugar could resume
The U.S. Commerce Department told the Mexican government this week that it intends to resume collection of antidumping and countervailing duties on sugar imports starting June 5 if a new agreement between the two countries is not reached.
AIIS: U.S. steel imports surge in March
Imports of steel to the United States increased 24.7 percent compared with the previous month, while first quarter imports were up 18.7 percent year-over-year, according to recent data from the American Institute for International Steel (AIIS).
UPS to purchase Ireland’s Nightline Logistics
The parcel carrier and third-party logistics provider has entered a definitive agreement to buy Irish express delivery service Nightline Logistics Group, UPS said in a statement.
FMC rejects Tripartite Agreement of “Big 3” Japanese carriers
Certain provisions of the merger agreement would have “jumped the gun” by allowing NYK, MOL and “K” Line to share competitively sensitive information or prematurely combine, according to the Federal Maritime Commission.
DSV’s revenues, profits surge in Q1
The Danish global transport and logistics provider said the first quarter of 2017 was positively impacted by gains of around DKK 125 million in the Road division.
Gov. Christie unveils date of when 18,000-TEU ships can sail under Bayonne Bridge
New Jersey Governor Chris Christie said removal of the bridge’s lower roadway means larger ships will be able to call container terminals in Newark, Elizabeth and Staten Island.
Bulk carriers launch G2 Ocean JV
Ocean carriers Gearbulk and Grieg Star have completed and launched a new joint venture called G2 Ocean that will focus primarily on the operation of their combined fleet of open hatch, semi-open hatch and conventional bulk vessels.